Business

Techies Are Trying to Get Chinese Consumers to Rack Up Debt

  (Wired) – One major drain on the American economy is the glut of consumer debt. In China, it’s the opposite. The Chinese are notoriously savvy savers, with a gross national savings rate of about 51 percent, according to the World Bank. In the US, it hovers around 17 Read More

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Business

How Not to Pay Your Bills

  (CBS News) – Americans increasingly are falling behind on their auto and student loans, new figures from the Federal Reserve Bank of New York show (see chart at bottom). If you’re struggling to pay your bills, here’s how you can contain the potential damage to your Read More